Funding arb · Price arb /

TRUMP

all TRUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against OKX−0.150%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.150%, 7d avg +0.038%

Together, before fees+0.215%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.187% cheaper against OKX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1450	0.0100	pay 0.0050% / 4h	38m 22s	$27.1M	$172.1M	50x
Short	Pacifica TRUMP	2.1418	0.0100	get 0.0013% / 1h	38m 22s	$184K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee PacificabpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → +0.038%: −$18.72
Slippage, 4 orders: −$31.92
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$68.65
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Pacifica: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 6 min ago	2.32 bp	7.3 bp −$7	10.3 bp −$103	47.4 bp −$4,744	doesn't fit
Sell Pacifica live order book, 20 min ago	5.37 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1690%	1h	2.1350	−0.466%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0259%	1h	2.1435	−0.070%	$95	$6K	5x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1442	−0.040%	$5	—	10x	as long as short
Lighter TRUMP	−0.0232%	1h	2.1408	−0.196%	$947K	$933K	10x	as long as short
Gate TRUMP_USDT	−0.0088%	4h	2.1450	0.000%	$7.6M	$50.6M	75x	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0030%	1h	2.1453	+0.014%	$404K	$72K	10x	as long as short
Variational Omni TRUMP	−0.0012%	4h	2.1461	+0.051%	$657K	$482K	—	as long as short
dYdX TRUMP-USD	−0.0005%	1h	2.1436	−0.066%	$27K	$512	5x	as long as short
Bybit TRUMPUSDT	+0.0007%	4h	2.1450	0.000%	$30.4M	$49.3M	50x	as long as short
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1451	+0.004%	$40K	—	150x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	+0.0010%	8h	2.1408	−0.195%	$5K	$175	5x	as long as short
Extended TRUMP-USD	+0.0016%	1h	2.1435	−0.072%	$74K	$749K	25x	as long as short
edgeX TRUMPUSDC	+0.0016%	4h	2.1508	+0.269%	$105K	$263K	20x	as long as short
Binance TRUMPUSDT	+0.0017%	4h	2.1443	−0.030%	$60.3M	$241.2M	75x	as long as short
Orderly PERP_TRUMP_USDC	+0.0048%	4h	2.1440	−0.047%	$4K	$213K	10x	as long as short
BloFin TRUMP-USDT	+0.0084%	4h	2.1440	−0.047%	$4.1M	$676K	75x	as long as short
Aevo TRUMP-PERP	+0.0088%	1h	2.1436	−0.063%	$19K	—	3x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1463	+0.061%	$14.1M	$7.3M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1414	−0.166%	$421K	$828K	20x	as long as short
Pacifica TRUMPshort	+0.0100%	1h	2.1418	−0.150%	$184K	$53K	10x
OKX TRUMP-USDT-SWAPlong	+0.0100%	4h	2.1450	long leg	$27.1M	$172.1M	50x
MEXC TRUMP_USDC	+0.0100%	4h	2.1440	−0.047%	$404K	$150K	125x	as long as short
KuCoin TRUMPUSDTM	+0.0100%	4h	2.1440	−0.047%	$4.3M	$11.1M	50x	as long as short
Bitget TRUMPUSDT	+0.0100%	4h	2.1450	0.000%	$15.5M	$25.6M	75x	as long as short
Backpack TRUMP_USDC_PERP	+0.0100%	1h	2.1442	−0.037%	$251K	$319K	10x	as long as short
GRVT TRUMP_USDT_Perp	+0.0100%	4h	2.1520	+0.328%	$185K	$4.5M	10x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1470	+0.093%	$2K	$1.6M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1440	−0.047%	$497K	$2.1M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0216% / S −0.0188%	1h	2.1451	+0.004%	$10K	—	100x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0221%	1h	2.1466	+0.074%	$1.3M	$2.2M	50x	as long as short
Coinbase International TRUMP-PERP-INTX	+0.0472%	1h	2.1470	+0.093%	$278K	$280K	50x	as long as short